J.P. Morgan Awarded Third Party Securities Lending Mandate by Mediolanum

London, July 15, 2010 – J.P. Morgan's Worldwide Securities Services business today announced that it has been mandated to provide third party securities lending services on behalf of Mediolanum, the Italian financial services firm, for a selection of their Luxembourg and Dublin domiciled funds.

J.P. Morgan was appointed by Mediolanum following a rigorous selection process, which looked for risk management processes and a flexible model to support the Funds’ demanding operating and reporting requirements.

“J.P. Morgan has demonstrated its stability and credentials during the crisis and is well positioned to support our complex securities lending needs,” commented Mediolanum. “J.P. Morgan’s securities lending service offers a strong risk management framework. Their customized securities lending model meets our requirements for transparency and control over all aspects of the lending operation.  We are pleased to expand our relationship with J.P. Morgan and look forward to a productive relationship.”

Paul Wilson, global head of Client Management and Sales for Worldwide Securities Services' Financing and Markets Products division, commented: “We are delighted that Mediolanum has selected J.P. Morgan to provide securities lending services to its funds.  This partnership demonstrates J.P. Morgan’s significant growth in Europe in the provision of third party securities lending services. Clients are not only seeking high securities lending returns but also a provider with a proven track record in mitigating risk and providing transparency and control.  J.P. Morgan is well placed to meet these needs regardless of where a client chooses to custody their assets.”

About Mediolanum Group
Mediolanum (Milan Stock Exchange: MED IM) is a financial market leader for retail banking and financial products distribution and it is one of the biggest companies listed on the Milan Stock Exchange. Mediolanum differentiates itself from the other industry players for the founding
idea, which is the way it satisfies clients' needs. It's a unique, global approach in Italy, Spain and Germany, achieved through more than 5,303 Family Bankers and a multi-channel bank. The Group also has operations in Ireland and Luxemburg. As at  the end of 2009 the Group had 1,098,000
customers; 40,394 million euros under administration; 1,748 employees; and 5,303 Family Bankers. For more information, go to www.mediolanum.com/ENG/home_en.html .

About J.P. Morgan Worldwide Securities Services
J.P. Morgan Worldwide Securities Services (WSS) is a premier securities servicing provider that helps institutional investors, alternative asset managers, broker dealers and equity issuers optimize efficiency, mitigate risk and enhance revenue. A division of JPMorgan Chase Bank, N.A., WSS leverages the firm's unparalleled scale, leading technology and deep industry expertise to service investments around the world. It has $15.3 trillion in assets under custody and $6.5 trillion in funds under administration. For more information, go to www.jpmorgan.com/wss.
   
About JPMorgan Chase & Co.
JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with assets of $2.1 trillion and operations in more than 60 countries. The firm is a leader in investment banking, financial services for consumers, small business and commercial banking, financial transaction processing, asset management and private equity. A component of the Dow Jones Industrial Average, JPMorgan Chase & Co. serves millions of consumers in the United States and many of the world's most prominent corporate, institutional and government clients under its J.P. Morgan and Chase brands. Information about JPMorgan Chase & Co. is available at www.jpmorganchase.com.

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